Exports rise by 6.7 pc in Dec

New Delhi: Exports grew by 6.7 per cent year-on-year to USD 25 billion in December, Commerce Secretary Rahul Khullar said today.

Imports, too, increased by 19.8 per cent to USD 37.8 billion in the month, leaving a trade deficit of USD 12.8 billion. During April-December period of this fiscal, merchandise shipment grew by 25.8 per cent to USD 217.6 billion.

"My guess is that we may touch USD 300 billion by end of the fiscal," Khullar told reporters. During the first three quarters of the current fiscal, imports were up by 30.4 per cent to USD 350.9 billion.

The trade deficit stood at USD 133.3 billion during the period.